Dhaka, Bangladesh (BBN)– Bangladesh’s stocks closed slightly higher on Tuesday with volatile trading, after witnessing negative trend in the past three consecutive sessions, as optimistic investors took position on lucrative stocks.
After witnessing volatile trading almost throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,409.08, advancing 3.68 points or 0.08 per cent.
The DS30 index, comprising blue chips, advanced 2.0 points or 0.12 percent to end at 1,738.52 points.
However, the DSE Shariah Index (DSES) saw a fractional loss of 0.47 point or 0.04 per cent to settle at 1,084.71 points.
Turnover, an important indicator of the market, however, improved slightly and amounted to BDT 3.88 billion, which was 6.59 per cent higher than the previous session’s BDT 3.64 billion.
The losers took a modest lead over the gainers as out of 319 issues traded, 141 closed lower, 109 higher and 69 remained unchanged on the DSE trading floor.
ACME Laboratories continued to dominate the turnover chart for the sixth trading sessions since its debut on June 7, with shares worth BDT 212 million changing hands, followed by Aman Feed, Quasem Drycells, Lafarge Surma Cement and Olympic Accessories.
Quasem Drycells was the day’s best performer, posting a rise of 9.97 per cent, while Progressive Life Insurance was the worst loser, plunging 5.95 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed slightly higher with its Selective Categories Index- CSCX- gaining 2.21 points to finish at 8,249.08 points.
Losers beat gainers 106 to 90, with 37 issues remaining unchanged on the port city bourse that traded 9.17 million shares and mutual fund units with a value of BDT 259 million.